There are several strategies that simply don’t exist once the calendar flips, and we want to make sure you’re not one of the physicians who finds out in February or March how much they could have saved. So before another year slips by, let’s walk through what can still be done right now.
Topics Discussed
- Why April is too late for meaningful tax planning.
- How mixed W-2 and 1099 income creates under-withholding issues.
- The importance of running a year-end tax projection.
- Why S-corp salary must be finalized before December 31.
- How salary choices affect payroll tax, QBI, and retirement options.
- A simple framework for choosing Roth vs. pre-tax contributions.
- The risks of skipping estimated tax payments on 1099 income.
- How poor bookkeeping leads to missed deductions.
- Year-end actions that expire on December 31.
- What ER docs can do now to avoid penalties and surprises in April.
Resources Mentioned:
Tags:
ER docs, emergency medicine, tax planning, year-end planning, S-corp salary, 1099 income, W2 income mix, QBI deduction, bookkeeping, retirement planning, solo 401k, CME deductions, financial planning, payroll strategy, income withholding, tax penalties, physician finance
